Can Work Together as we go through the Implementation Phase to find out what is wrong with the program and if we can make some changes to fix it. Let us do it and let us do it in a bipartisan fashion. It is too big a program and too important to too many people to do that. Having said that it does appear that it is working. Let us not keep beating a dead horse. My beloved friend who gave us the beginning of our efforts today. Madame secretary, i see reports that consumers receiving plan cancellation notices from their Insurance Companies saying that plans are no longer available. Does the aca require Insurance Companies to discontinue the plans that people had when the law was passed, yes or no . Not when the law was passed. No, sir. Thats the grandfather clause. Thats because the plans existed prior to passage of the law are grandfathered in as you have said . Thats correct. So if an Insurance Company is no longer offering a certain plan, thats because that Insurance Company made a de
Unexpected medical expense. Never again will a woman have to pay twice as much as a man for the same insurance. That is why allowing insurers to continue offering deficient plans next year is such a bad policy. The law says that all plans except those that were grandfathered in 2010, must meet the new Consumer Protection standards. If we dont enforce this policy, Insurance Companies can continue offering flimsy coverage that disappears when people actually need it and no one should want that. It is understandable that there will be a focus today on what isnt working, but we must also remember what is working. The Health Insurance plans that are being offered in the exchanges are good plans. The premiums are much lower than expected. 60 of the uninsured individuals shopping in the new marketplaces will be able to get coverage for less than 100 per month. Half of the young adults will be able to get coverage for less than 50 per month. And since congress adopted the Affordable Care act,
Doing this, but we are talking about i think an increasing number of people doing this because frankly it is lucrative but the first one is what you might call a milker bill because first of all it has nothing to do with the dairy industry. Thats what you need to recognize. A milker bill is something that is introduced by a member of congress were senator and the bill isnt defined really to pass. The idea of writing the law isnt a hope that this is greatd to be good policy or change things. Its primarily introduced to milk the Campaign Donations or lobby contracts for family members and friends of the congressmen. For example you might introduce a bill that says we need to raise federal excise tax on large oil companies. You introduce that bill. Whats going to happen when you introduce that bill . You are going to scare the daylights out of people in the business which is precisely what that bill was designed to do. They are going to come running to that office saying we are concerned
Scenes, and helping them out policywise. What does the house want to do ultimately, because they separated the farm bill from the food stamp bill, and tackle them separately. The houseot know what is going to do, because we have a very factionalized house of representatives. They say keep the food stamps and the farm bill separate raid separate. A lot of the institutions on capitol hill see themselves as them again the world. Against the world. Trying tosswoman is be a good soldier, and the democrats are trying to get a bill through, but they know that the snap program is very important. If they had for different figured out how to bridge these gaps, we would have progress. The house and Senate Conferees are trying to negotiate some sort of deal on what they call on the ground common ground. Does the farm bill get thrown in that . Could be part of the budget agreement, and that is a good and bad thing for the senate committee. It is good because it is part of the bill, but then they lo
Begin. Any last requests mr. Baldwin . Do you mind grabbing my phone and opening the capital one purchase eraser . I need to redeem some venture miles before my demise. Okay. Its easy to erase any recent travel expense i want. Just pick that flight right there. Mmm hmmm. Give it a few taps, and. Its taken care of. This is pretty easy, and i see it works on hotels too. You bet. Now if you like that, press the red button on top. How did he not see that coming . Whats in your wallet . Good morning, everyone. Ive got some disturbing news painting a bleak picture for the Nations Housing recovery. Ive got two items on this. Number one, a big drop in applications for mortgages, number two, one of the largest mortgage lenders in talking to layoff 2,200 mortgage workers by early next year. Liz macdonald joins us early today and shes got a fox business exclusive. First of all, give me the numbers on Mortgage Applications tumbling. Mortgage applications are at their november 2008 levels and refin